BANKING: Urge to Merge

For customers over the world the Chase
Manhattan Bank last week printed 125,000 blotters showing a cartoon
of two honeymooners driving off in a car tagged, "Just
Merged!" It was the bank's way of telling the public that the
merger of the Chase National Bank (No. 3 in the U.S.) and the Bank of
the Manhattan Co. (No. 15) had the official blessing of stockholders
and the New York State superintendent of banks. Thus Chase Manhattan,
with $7.5 billion in resources, became the biggest bank in New York
City and second biggest...